Bitcoin Depot (NASDAQ:BTM) Given Sell (D+) Rating at Weiss Ratings

Key Points

• Bitcoin Depot's stock received a "sell (D+)" rating from Weiss Ratings, signaling potential concerns among analysts.
• In contrast, HC Wainwright and B. Riley have issued "buy" ratings with target price increases, reflecting mixed analyst sentiment.
• The company reported a missed earnings estimate for the last quarter, with an EPS of $0.16 compared to the expected $0.17, despite slightly exceeding revenue expectations.

Bitcoin Depot (NASDAQ:BTM - Get Free Report)'s stock had its "sell (d+)" rating reiterated by stock analysts at Weiss Ratings in a research report issued to clients and investors on Friday,Weiss Ratings reports.

BTM has been the subject of several other reports. HC Wainwright boosted their target price on Bitcoin Depot from $5.00 to $6.50 and gave the stock a "buy" rating in a research report on Wednesday, August 13th. B. Riley boosted their target price on Bitcoin Depot from $5.50 to $6.00 and gave the stock a "buy" rating in a research report on Thursday, October 2nd. Finally, Zacks Research lowered Bitcoin Depot from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 13th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $5.83.

Bitcoin Depot Price Performance

Bitcoin Depot stock traded up $0.01 during midday trading on Friday, hitting $2.86. 1,249,688 shares of the company's stock were exchanged, compared to its average volume of 1,120,592. Bitcoin Depot has a 52-week low of $0.93 and a 52-week high of $6.88. The stock has a 50-day moving average price of $3.54 and a two-hundred day moving average price of $3.75. The company has a debt-to-equity ratio of 12.34, a quick ratio of 1.41 and a current ratio of 1.41. The company has a market cap of $194.71 million, a P/E ratio of 28.60 and a beta of 0.81.

Bitcoin Depot (NASDAQ:BTM - Get Free Report) last posted its earnings results on Tuesday, August 12th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.01). Bitcoin Depot had a negative return on equity of 44.12% and a net margin of 0.44%.The business had revenue of $172.11 million for the quarter, compared to analysts' expectations of $168.00 million.

Insider Buying and Selling at Bitcoin Depot

In other news, COO Christopher Scott Buchanan sold 7,000 shares of the business's stock in a transaction dated Friday, October 3rd. The stock was sold at an average price of $3.82, for a total value of $26,740.00. Following the completion of the sale, the chief operating officer owned 133,276 shares of the company's stock, valued at approximately $509,114.32. The trade was a 4.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last three months, insiders sold 36,000 shares of company stock valued at $144,000. Insiders own 70.23% of the company's stock.

Institutional Investors Weigh In On Bitcoin Depot

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Evergreen Capital Management LLC bought a new stake in shares of Bitcoin Depot in the 2nd quarter valued at about $471,000. Man Group plc bought a new stake in shares of Bitcoin Depot in the 2nd quarter valued at about $84,000. Lazard Asset Management LLC bought a new stake in shares of Bitcoin Depot in the 2nd quarter valued at about $1,149,000. Bank of America Corp DE lifted its stake in shares of Bitcoin Depot by 11,320.0% in the 2nd quarter. Bank of America Corp DE now owns 9,707 shares of the company's stock valued at $49,000 after acquiring an additional 9,622 shares during the last quarter. Finally, Welch Capital Partners LLC NY lifted its stake in shares of Bitcoin Depot by 33.0% in the 2nd quarter. Welch Capital Partners LLC NY now owns 1,285,190 shares of the company's stock valued at $6,516,000 after acquiring an additional 318,940 shares during the last quarter. Institutional investors own 9.18% of the company's stock.

Bitcoin Depot Company Profile

Bitcoin Depot Inc owns and operates a network of cryptocurrency kiosks in North America. Its customers can buy and sell bitcoin, litecoin, and ethereum cryptocurrencies using the BTM kiosk network and other services. The company also engages in the sale of cryptocurrency to consumers at a network of retail locations through its BDCheckout product offering, as well as its website through over-the-counter trade.

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